Dollar Unchanged Against Yen, Euro Ahead of Jobs Data, ECB

TODAY: March 4, 2015 PUB DATE: March 4, 2015

By Hiroyuki Kachi The dollar remained unchanged against the yen and the euro Wednesday in Asia trade, with investors sidelined ahead of key events and data later this week including U.S. jobs data. Around 0450 GMT, the dollar was at ...

Cal Dive Files for Chapter 11

TODAY: March 4, 2015 PUB DATE: March 4, 2015

By Josh Beckerman Cal Dive International Inc. has filed for Chapter 11 bankruptcy protection, planning to operate normally while it looks to reorganize or sell its core subsea contracting business. The company sends divers under water to install and repair ...

Indian Shares Rise on Rate Cut, Rest of Asia Mixed -- Update

TODAY: March 4, 2015 PUB DATE: March 4, 2015

By Chao Deng Stocks in India rose to a fresh high Wednesday after the country's central bank surprised markets with another interest-rate cut. The S&P; BSE Sensex hit 30,024.74, surpassing a previous record of 29,844.16 from Jan. 30, after the ...

HSBC Hong Kong February PMI Rises to 50.7; One-Year High

TODAY: March 4, 2015 PUB DATE: March 4, 2015

By Chester Yung HONG KONG--The HSBC Hong Kong Purchasing Managers Index touched a one-year high in February as new orders and output rose, signaling an improving business environment in the city's private sector. HSBC said Wednesday that February's manufacturing PMI ...

Citigroup Deal Shrinks the Bank's Umbrella

TODAY: March 4, 2015 PUB DATE: March 4, 2015

By AnnaMaria Andriotis And Mike Spector Another piece of banking is moving to the shadows. Citigroup Inc., the nation's third-largest bank by assets, confirmed Tuesday that it would sell its large U.S. subprime-lending business, OneMain Financial, to Springleaf Holdings Inc., ...

China February HSBC Services PMI Edges Up

TODAY: March 4, 2015 PUB DATE: March 4, 2015

BEIJING--The HSBC China Services Purchasing Managers' Index edged up to 52.0 in February after dropping to a six-month low of 51.8 in January, HSBC Holdings PLC said Wednesday, pointing to a modest recovery outside the nation's factory sector. The reading ...

Shanghai's Free-Trade Zone Fails to Impress U.S. Companies

TODAY: March 4, 2015 PUB DATE: March 4, 2015

By Colum Murphy SHANGHAI--U.S. companies in Shanghai are skeptical about the business benefits of the city's pilot free-trade zone and have echoed concerns by American companies elsewhere in China about growing antiforeign sentiment and slowing economic growth. An annual survey ...

Macquarie Group to Buy Portfolio of 90 Commercial Airliners

TODAY: March 4, 2015 PUB DATE: March 4, 2015

By Robb M. Stewart MELBOURNE, Australia--Australia's Macquarie Group Ltd. has struck a deal to buy a portfolio of 90 commercial airliners for $4 billion, bolstering its aircraft-leasing business and further diversifying away from its investment-banking roots. The bank said it ...

Malaysia Economic Growth Likely to Moderate in 2015 - IMF

TODAY: March 4, 2015 PUB DATE: March 4, 2015

By Jason Ng KUALA LUMPUR--Malaysia's economy will likely expand at a slower pace this year as consumer spending declines due to the introduction of a consumption tax and slower credit growth, the International Monetary Fund said Wednesday. Gross domestic product ...

Bristow Takes a Tilt on New Choppers

TODAY: March 4, 2015 PUB DATE: March 4, 2015

By Doug Cameron Bristow Group Inc. has taken the first step to acquiring tilt-rotors, tapping a technology used by the U.S. Marine Corps for vehicles that can fly like a plane and hover like a helicopter, for use in its ...

Sluggish Australian Economy Set For More Rate Cuts

TODAY: March 4, 2015 PUB DATE: March 4, 2015

SYDNEY--Australia's economy grew too slowly in the fourth quarter of 2014 to prevent a further rise in unemployment in 2015, strengthening the case for a further cut in interest rates in coming months. The resource-rich economy grew by 0.5% in ...

Yellen Says Effective Supervision One of Fed's Top Priorities

TODAY: March 4, 2015 PUB DATE: March 4, 2015

Federal Reserve Chairwoman Janet Yellen raised concerns about the state of Wall Street's culture and ethics on Tuesday, echoing similar comments from other regulatory officials and increasing pressure on the biggest U.S. banks to improve. "It is unfortunate that I ...

Asian Shares Lower Ahead of China Policy Meet

TODAY: March 4, 2015 PUB DATE: March 4, 2015

Stocks in Japan were on track for their biggest decline in a month Wednesday, following losses in the U.S., while Hong Kong shares edged lower ahead of an annual meeting of policy makers in Beijing. The Nikkei Stock Average was ...

MTN Group Revenue Rises to ZAR146.1 Billion in 2014

TODAY: March 4, 2015 PUB DATE: March 4, 2015

By Matina Stevis NAIROBI--MTN Group Ltd. (MTN.JO), Africa's largest telecommunications company, said Wednesday that revenue grew by 6.4% to 146.1 billion South African rand ($12.42 billion) in 2014 as the company continued to come under regulatory and operational pressure in ...

Oil Futures Rangebound Ahead U.S. Stockpiling Data

TODAY: March 4, 2015 PUB DATE: March 4, 2015

By Eric Yep Crude-oil futures moved in a narrow price range in Asian trade Wednesday ahead of U.S. inventory numbers, with Brent crude slightly lower after posting gains in the previous session. On the New York Mercantile Exchange, light, sweet ...

Sluggish Australian Economy Set For Further Rate Cut

TODAY: March 4, 2015 PUB DATE: March 4, 2015

By James Glynn SYDNEY--Australia's economy grew too slowly in the fourth quarter of 2014 to prevent a further rise in unemployment in 2015, strengthening the case for a further cut in interest rates in coming months. The resource-rich economy grew ...

China February HSBC Services PMI 52.0 Vs 51.8 in January

TODAY: March 4, 2015 PUB DATE: March 4, 2015

BEIJING--The HSBC China Services Purchasing Managers' Index edged up to 52.0 in February after dropping to a six-month low of 51.8 in January, HSBC Holdings PLC said Wednesday, pointing to a modest recovery outside the nation's factory sector. The reading ...

PBOC Cuts Interest Rates on Special Lending Tools

TODAY: March 4, 2015 PUB DATE: March 4, 2015

SHANGHAI--China's central bank has lowered interest rates on a special short-term lending tool for commercial banks, a move that followed a recent policy-rate cut that sought to reduce funding costs in a slowing economy, said two people with direct knowledge ...

NXP Semiconductor Bets $12 Billion on Smarter Cars

TODAY: March 4, 2015 PUB DATE: March 3, 2015

By Don Clark The race to build smarter cars is prompting another race--to supply the chips that make those vehicles clever. NXP Semiconductor Inc. stepped on the gas on Monday, agreeing to buy Texas-based Freescale Semiconductor Inc. in a cash-and-stock ...